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For BAT the UK tobacco market is currently all about value, with RYO brands doing well, price-marked packs becoming ever-more important and many tobacco brands and ranges being extended or repositioned to incorporate lower-priced products

Why it matters: In an internal company memo seen by the Times , Swiggy CEO and co-founder Sriharsha Majety told staff that the fundraise gives us a lot more firepower [] we will continue to seed [and] experiment new offerings for the future. He added that over the past year, the startup has managed to drive a strong recovery in the food delivery business with a very clear path to profitability [and the] food delivery business is the strongest it has ever been. Swiggy and Alibaba-backed archrival Zomato which is rumored to be planning an IPO were initially hit hard by the Covid-19 pandemic when it arrived in India in early 2020

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In these two latter countries, a pack of premium cigarettes such as the Marlboro brand can cost between US$1 and US$1.99, [31] rendering cigarettes more accessible and encouraging more consumption